Balance Sheet (partia Pald-in capital Preferred stock, cumulative 10,000 shares authorized, 5.000 shares issued and outstanding $ 300,000 Common Stock, no par. 750,000 shares authorized 300.000 shares issued 1.500.000 Total paid-in capital 1.800,000 Retained earnings 2.050.000 Total paid-in capital and retained earnings 3,850,000 Less: Treasury stock (5,000 common shares) (64.000) Total stockholders' equity $3.786,000 Requirements From a review of the stockholders' equity section, answer the following questions. a) How many shares of common stock are outstanding? b) Assuming there is a stated value, what is the stated value of the common stock? 2.050.000 Total paid-in capital and retained earnings 3,850,000 Less: Treasury stock (5,000 common shares) (64.000) Total stockholders' equity $3.786.000 Requirements From a review of the stockholders' equity section, answer the following questions. a) How many shares of common stock are outstanding? b) Assuming there is a stated value, what is the stated value of the common stock? c) What is the par value of the preferred stock? d) If the annual dividend on preferred stock is $18,000, what is the dividend rate on preferred stock? e) If dividends of $36,000 were in arrears on preferred stock, what would be the balance in Retained Earnings? Edit View Insert Format Tools Table 00 V 12pt Paragraph I Av 2